Pedro Fernandes (Partner)

Pedro Fernandes has ten years' experience of performing econometric and data analysis studies and of advising clients on the economics of competition, regulation and public policy.

His clients have included regulatory and government bodies as well as private-sector companies, in the UK and elsewhere.

He has strong academic and practical knowledge of econometric and statistical analysis, including the assessment of relative efficiency and quantitative techniques to support impact assessment analysis.

Discussion papers

Comment on Minister's Brisa/AEO merger decision
June 2006

This brief paper comments on the decision by the Portuguese Economics and Innovation Minister to allow the merger of the motorway operators Brisa and Auto-Estrada do Oeste (AEO) on the grounds that this will spur Brisa's efforts to innovate and improve Brisa's ability to compete internationally, and that both of these effects are in the national interest. The paper argues that there are gaps in the Minister's reasoning. No evidence is put forward to suggest a link between the merger and either of these effects. In addition, the decision has not examined whether allowing the merger is proportionate to the objective of improving Brisa's performance. The paper also notes some shortcomings in the decision's analysis of the effects of the merger on competition.

Download (2 pages in Portuguese, PDF) • Discuss on Reckon Open

When assumptions go unquestioned
November 2004

Data Envelopment Analysis (DEA) is a technique to estimate the production function of a set of relevant units on the basis of the levels of inputs used and outputs produced actually observed. The paper discusses the assumptions underlying the more familiar models of DEA and emphasises that, at the peril of drawing invalid inferences, the analyst must justify those assumptions. In applications to the UK water and electricity distribution, such justifications are typically not given and the paper finds grounds to argue that some of these assumptions are in fact not satisfied.

Download (24 pages, PDF) • Discuss on Reckon Open

Link to this page.

Search